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oldsoftie

(13,538 posts)

17. Just shows the ridiculous profit margins on new cars. Trucks are worse.

Reply to Zorro (Original post)

Fri Sep 1, 2023, 05:20 PM

Sep 2023

Back in '18 GM was making about 17,000 per unit

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Tesla discounts Model S by $30,000 and Model X by $41,000 to gain EV tax credits [View all] Zorro Sep 2023 OP

Just made sure all current owners values dropped significantly MichMan Sep 2023 #1

Just more of his blinding genius /S tonekat Sep 2023 #22

SUX to be an August 2023 buyer. TheBlackAdder Sep 2023 #40

I wonder how much more excess WhiteTara Sep 2023 #2

How much profit is considered excess? MichMan Sep 2023 #3

Musk decided there WhiteTara Sep 2023 #8

Or it was decided selling older vehicals at a loss and maximizing the tax credit made sense. Gore1FL Sep 2023 #32

I'm wondering if all those people that bought those things at the much higher price are 4lbs Sep 2023 #4

You can't return vehicles MichMan Sep 2023 #12

It's a drastic price cut! PortTack Sep 2023 #5

Ford and GM have done the same thing. former9thward Sep 2023 #23

I'd buy an EV, just not for $100,000 bhikkhu Sep 2023 #44

I can't find anywhere that Tesla Model X sold for $120,000 SleeplessinSoCal Sep 2023 #6

That does appear to be inflated for whatever reason, even the Plaid wasn't that high Shermann Sep 2023 #26

Yes, that sounds right and makes more sense. marybourg Sep 2023 #41

"Soshilism!!!" NM Grins Sep 2023 #7

I think about buying one when they have a 500 mile range, there are doc03 Sep 2023 #9

And recharging takes ten minutes or less. PoindexterOglethorpe Sep 2023 #24

I do about the same, only had two car loans in my life. My first I got a $300 cash loan doc03 Sep 2023 #29

Wow - a 1961 Corvair! The first car I drove was a 1963 - unsafe at the speeds I drove. erronis Sep 2023 #49

This message was self-deleted by its author erronis Sep 2023 #50

I wouldn't mind getting an EV car but... LiberalFighter Sep 2023 #10

I was on the list until Musk went full Nazi. byronius Sep 2023 #11

I would think crazy right wingers would be hugging their gas vehicles for life. LiberalFighter Sep 2023 #14

I drove a new Prius as a rental. Its been redesigned & looks good! I avg 60mpg oldsoftie Sep 2023 #15

Wow!!!! padah513 Sep 2023 #18

I'm in Fort Wayne but was born in Wisconsin LiberalFighter Sep 2023 #19

How is it redesigned? SleeplessinSoCal Sep 2023 #46

I just mean style-wise. I'm not familiar with the system; oldsoftie Sep 2023 #48

About two years ago we sold our '91 Honda CRX. SleeplessinSoCal Sep 2023 #53

Prroof of how bad he ripped off the previous moniss Sep 2023 #13

It's an old-model liquidation sale to minimize loss on discontinued vehicals. nt Gore1FL Sep 2023 #33

He has turned off so many people in SF that the Tesla lot is full of unsold cars kimbutgar Sep 2023 #16

Wait, let's go back to this flat tire thing. LisaM Sep 2023 #27

Just shows the ridiculous profit margins on new cars. Trucks are worse. oldsoftie Sep 2023 #17

Could be ? republianmushroom Sep 2023 #20

well their is upside down in a car loan and now really really really upside down on a car loan dembotoz Sep 2023 #21

Ah, yes, upside down on a car loan. PoindexterOglethorpe Sep 2023 #25

Well, from this, it's obvious the cars were extremely over priced to start with ashredux Sep 2023 #28

Not apparently to the people that bought them MichMan Sep 2023 #35

Well, how would you feel if you bought 6 months ago, and now they drop the price 40k ashredux Sep 2023 #36

So,until yesterday, you would have been perfectly satisfied & thought it was worth the asking price MichMan Sep 2023 #38

I guess we're not communicating. If I bought something at X, .... ashredux Sep 2023 #39

I like the way you think - pragmatically. erronis Sep 2023 #51

It didn't drop that much. Factual reporting shows less. SleeplessinSoCal Sep 2023 #47

It's great news for all prospective EV buyers, tens of million in the near future! Alexander Of Assyria Sep 2023 #37

rather buy from an auto maker whom i don't have to question their loyalty to America MistakenLamb Sep 2023 #30

Good luck finding an auto maker that isn't in the business for profit. erronis Sep 2023 #52

Its worse devaluing off the lot than a normal car.. Historic NY Sep 2023 #31

They want to clear out the cars they aren't making anymore for new models that sell. Gore1FL Sep 2023 #34

It's almost like kiting moniss Sep 2023 #42

Is Elon having trouble keeping sales up and the factories humming? Aussie105 Sep 2023 #43

Poor build quality. ForgoTheConsequence Sep 2023 #45

E-Loon loves his Government money. sarcasmo Sep 2023 #54